Experts believe the current rally was not led by fundamentals, it was by liquidity. They expect overall September quarter earnings to be weak but may pick up from Q3 or Q4FY16 onwards. According to them, earnings as well as Fed rate hike and Bihar elections will be key events in short term.

Reliance Securities has come out with its preview report on IT sector. According to the research firm, sector revenue growth is expected to accelerate in 2Q which has also traditionally been the best quarter for the sector.

Domestic passenger car sales rose 9.5 percent to 169,590 units in September from 154,898 units in the same month a year ago, according to the data released by Society of Indian Automobile Manufacturers (Siam).

Experts believe the current rally was not led by fundamentals, it was by liquidity. They expect overall September quarter earnings to be weak but may pick up from Q3 or Q4FY16 onwards. According to them, earnings as well as Fed rate hike and Bihar elections will be key events in short term.

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